Renault India to build its cars portfolio step-by-step

Within six years, the company has been the seventh largest player with annual sales of one lakh units with a market share of four%

PTI

October 07, 2017, 08:59 IST

French automobile maker Renault would gradually build its portfolio of cars in India to script a consistent growth trajectory in the country, an official of the company said.

"Renault started operations in India six years back and now has a portfolio of three cars, Kwid, Duster and Lodgy and build it step-by-step. We want to expand our portfolio by launching one car each year", MD and CEO of Renault India Sumit Sawhney said.

Unveiling the new 'Captur' premium SUV in the city today, Sawhney said that within six years, the company was the seventh largest player with an annual sales of one lakh units with a market share of four percent.

While Kwid is positioned in the small car segment and highest selling for Renault India, Duster and Lodgy are in the SUV and MPV segments.

The company had discontinued its other four models, Scala, Fluence, Koleos and Pulse.

Sawhney said that the price of its premium SUV Captur would be decided later while the car was expected to be launched by the end of this month.

The company was also aggressively expanding its network of dealers across the country to to drive sales.

To a query, he said that in India, 70 per cent of the sales was in the sub-four metres, while the highest growth was in the SUV category.

He said Renault India would explore more opportunities in the sub-four metres segment, adding that the company was waiting for the right policy decision to launch electric cars in the country.

With its production base in Chennai shared by Nissan, Renault India has two design centres in Mumbai and Chennai and one technology centre in Chennai.